The economy of the Chinese People's Republic with respect to the magnitude the GNP (according to the buying power) is located in the second place after USA. If the hitherto trend of its development will be maintained, then about 2015-2020 it will overtake the economy of the USA. Implemented since 1978 policy of reforms has led to an unprecedented opening to the world, which is demonstrated by the following numbers: the seventh place in the world v respect to the magnitude of foreign trade and the third place in the world w respect to the cumulated value of accepted direct investments-350 billion dollars. The expected acceptance of the Chinese People's Republic to the We Trade Organization at the end of 2001 will make the process of opening irreversible and what is more important it will force pro-market changes in economy and first of all the reform and privatization of the sector of state enterprises. A very essential feature of the Chinese economy is a pro-effectiveness development implemented on the basis of educated manpower, efficient allocation of production factors and the influence of direct investments. The danger and barrier for the development of the Chinese economy are the too large differences between the eastern and western part and the supply barrier from domestic sources of energy carriers. (original abstract)